Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / LME Zinc to Face Technical Correction (2016-3-8)

LME Zinc to Face Technical Correction (2016-3-8)

Mar 8, 2016 10:07

Source:SMM

Technically, LME zinc will fall back to USD 1,790-1,820/mt during Asian trading hours Tuesday.

SHANGHAI, Mar. 8 (SMM) – Technically, LME zinc will fall back to USD 1,790-1,820/mt during Asian trading hours Tuesday.

Eyes will be on China’s trade data and interest rate decision by the ECB and markets expect Q4 GDP in euro zone should be flat Q3’s level.

SHFE 1605 nickel faces sell-off pressure and will hover between RMB 14,200-14,600/mt on Mar. 8. #0 zinc will be offered at discounts of RMB 100-130/mt against SHFE 1604 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)

LME zinc prices

Zn Price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM survey of 30 industry insiders finds that about 87% are neutral.

Mar 1, 2016 09:15

SMM Comments

SHFE Zinc to Test RMB 13,500/mt (2016-1-4)

China’s official manufacturing PMI rose slightly, and Caixin’s December PMI for China is expected to improve.

Jan 4, 2016 09:55

SMM Comments

33% Investors Expect Zinc to Climb, SMM Survey

zinc surged last Friday due to rumors that China’s State Reserve will build metal reserves, and remained high on Monday.

Dec 15, 2015 09:19

SMM Comments

40% Investors Bearish toward Zinc Prices, SMM Survey

LME zinc rallied above USD 1,600/mt level last week, but rolled back early gains and fell to USD 1,550/mt last Friday.

Dec 1, 2015 10:35

SMM Comments

LME Zinc to Move between USD 1,520-1,550/mt (2015-11-24)

LME zinc prices are expected to move between USD 1,520-1,550/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,400-12,600/mt.

Nov 24, 2015 09:52

SMM Comments

SMM Zinc Market Morning Review (2015-11-13)

LME zinc prices opened at USD 1,622/mt on Thursday, and fell to USD 1,585.5/mt in Europe and US trade session, but rallied later on and closed at USD 1,611/mt, down USD 16/mt.

Nov 13, 2015 09:55

SMM Comments

SMM Zinc Market Morning Review (2015-11-12)

LME zinc prices opened at USD 1,607/mt on Wednesday, and fell to USD 1,553.5/mt, but rallied to USD 1,600/mt.

Nov 12, 2015 10:01

SMM Comments

SMM Zinc Market Morning Review (2015-11-11)

LME zinc prices opened at USD 1,643/mt on Tuesday, and fell to USD 1,576/mt, a new low since July 2009.

Nov 11, 2015 10:04

SMM Comments

SMM Zinc Market Morning Review (2015-10-30)

LME zinc prices opened at USD 1,736/mt on Thursday, then dropped to a low of RMB 1,702.5/mt, and closed at USD 1,704.5/mt, down USD 32.5/mt or 1.87%.

Oct 30, 2015 10:08

SMM Comments

[Zn Price] SHFE Zinc Prices Closed with Gains (Aug. 7, 2015)

SHFE 1510 zinc contract prices opened at RMB 14,550/mt Thursday evening, then hovered around RMB 14,450/mt, and closed at RMB 14,435/mt, down RMB 200/mt or 1.37%.

Aug 7, 2015 17:14

SMM Comments

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

LME Zinc to Face Technical Correction (2016-3-8)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit